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Notice 2020-48: Postponed deadline, federal excise tax for sports fishing, archery equipment (COVID-19)

Notice 2020-48: Postponed deadline, federal excise tax

The IRS today released an advance version of Notice 2020-48 that provides more time regarding the federal excise tax under section 4161(a) on sales of sport fishing equipment and under section 4161(b) on sales of archery equipment (bows and arrows). This relief is provided in response to the coronavirus (COVID-19) pandemic.


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For the second calendar quarter of 2020 (April, May, and June) the due date for Form 720 and the related excise tax is July 31, 2020. However, today’s notice postpones the due date to October 31, 2020.

Notice 2020-48 [PDF 72 KB] thus postpones the time for filing the federal excise tax return and for remitting the related payments of the excise tax for the second quarter of 2020. The notice also postpones any related interest, penalties, and additions to tax, and further sets forth the procedures for taxpayers to follow in invoking the postponement.

For more information, contact a tax professional with KPMG’s Excise Tax Practice group:

Taylor Cortright | +1 (202) 533 6188 |

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